Chris Becker

1

Macro Morning

US inflation data for January was much lower than expected, which took the edge of the weak USD meme running through currency markets as stocks also stumbled on Wall Street . US Treasury yields pulled back further while commodities kept on bidding with copper and oil making new yearly highs again. Bitcoin is having an

63

Macro Afternoon

Outside of Japan, Asian stock markets have re-engaged to the upside despite the mixed lead from Wall Street overnight with local currencies still surging against a weak USD. Bitcoin has stalled in its epic journey, falling back but not below the $46K level following the Tesla bid as momentum reverts from its overbought status on

2

Macro Morning

Steady as she goes across most risk markets overnight, although Wall Street wobbled after European bourses stalled out due to the higher Euro.  The USD remained weak against most of the majors although gold and silver were largely unchanged while US Treasury yields pulled back slightly after recently almost making a new yearly high as

84

Macro Afternoon

Asian stock markets are somewhat mixed despite the strong lead from Wall Street overnight with Chinese bourses leading the way while local stocks fell back sharply as the Australian dollar accelerated against the short squeeze on USD. Bitcoin continues its epic journey higher, now up near the $47K level following the Tesla bid as momentum

1

Macro Morning

A lack of events on the economic calendar but the potential for further US fiscal stimulus kept sentiment high overnight with new record highs on Wall Street. The USD remained weak against most of the majors with small gains in gold and silver while US Treasury yields almost made a new yearly high near the

115

Macro Afternoon

Asian stock markets are following the strong lead from Wall Street on Friday night with surges across the region, as USD remains weak following its shutdown post the very weak US unemployment print. Bitcoin has broken out of its funk, finally able to make a new high above the previous resistance level above $38K as

10

Macro Morning

The US unemployment print was bad, which is good for stocks, bad for USD so we saw a continuation of the rally in equities while a big reversal in USD fortunes jolted the currency markets. US Treasury yields made another new one month high while commodities rose across the board, except for iron ore and

123

Macro Afternoon

Asian stock markets have swung back in confidence as USD swings into further strength going into tonight’s non-farm payroll (NFP) aka US unemployment print. Bitcoin has been relatively steady throughout the Asian session, still unable to make a new high above the previous level above 38K as momentum flattens out on the four hourly charts:

3

Macro Morning

It’s all about King Dollar overnight with Wall Street regaining its former highs while OPEC+ commitment on supply saw oil break out to new post-COVID highs as Euro and gold dove off a cliff. US Treasury yields made a new one month high as economic data was firmer than expected, initial jobless claims much lower

75

Macro Afternoon

Asian stock markets are in retreat mode as USD swings into further strength going into tonight’s trading session. Bitcoin has matched its previous week high at above the $38K level as momentum picks up on the four hourly and daily charts: Gold however alongside silver is breaking down, losing more than $15USD per ounce so

0

Macro Morning

Wall Street at first put in some solid gains overnight but they evaporated towards the close as risk sentiment dampened slightly, despite some good economic and pandemic data.  The USD remained strong against most of the majors but only moved higher against gold and silver, with oil prices spiking again alongside copper and Treasury yields

152

Macro Afternoon

Another solid day for Asian stock markets as the risk swing higher continues, although Chinese shares are stalling. The USD remains firm against most of the major currencies with gold and silver still depressed following a failed breakout earlier in the week. Bitcoin is zooming higher, now at the $36K level as momentum picks up

6

Macro Morning

Wall Street continued the co-ordinated risk rebound overnight as the Gamestop short squeeze has now almost completely disappeared alongside an aborted attempt to do the same to silver.  The USD gained more strength against most of the majors although it had a small pullback later in the session in the wake of the EZ wide

79

Macro Afternoon

Another green day on Asian stock markets as the Reddit fizzle continues, with sentiment firming and volatility waning, at least in equities. The RBA’s hold and subsequent extension of QE has pushed the Australian dollar slightly lower as the USD remains firm against most of the major currencies. Bitcoin is hovering at the $34K level

7

Macro Morning

Wall Street rebounded overnight as the Gamestop short squeeze eased off and sights were set on silver instead. The USD gained more strength against most of the majors with Euro falling the sharply on poor German retail sales numbers. The US ISM PMI slid back slightly but is still in a strong expansive mode and

136

Macro Afternoon

It’s been a much better start to the trading week then many thought possible with S&P futures indicating a 1% drop at least across Asian stock markets on the open, with many risk currencies gapping down this morning, before a swift reversal has seen risk come back much stronger. The fallout form the short squeeze

1

Macro Morning

The short squeeze continued on Wall Street Friday night as the Gamestop debacle spilled over into a selloff across the board on both sides of the Atlantic as nominal gains for the year evaporated.  The USD remained strong against most of the majors, although gold and silver are showing signs of life with the latter

18

Macro Morning

Well, that was a fun night! Wall Street is giving it all to stop the Gamestoppers stepping on their sacred ground, but in the end its resulted in a big turnaround in stock market fortunes, with gains across both sides of the Atlantic.  The USD reversed course against most of the majors while Treasury yields

105

Macro Afternoon

A sea of red out there on Asian stock markets in response to the largish falls on Wall Street overnight from a crazy short squeeze as the professionals (sic) continue to clutch their pearls as Redditors and Robinhooders go after their next target. USD is definitely King Dollar at the moment, with gold and silver

9

Macro Morning

Wall Street’s wobble in the previous session has turned into a full rout overnight with short-exposed hedge funds tipping the major bourses deep into the red. European stocks followed, wiping out their previous gains as the risk market pivots to a much less hopeful stance despite the latest FOMC meeting resulting in a hold on

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Macro Afternoon

Risk is wavering throughout Asian stock markets with only Japanese stocks advancing as the USD firms against most of the major currencies in the lead up to tonight’s Federal Reserve meeting. While half of Reddit is watching GME, the other half are still watching Bitcoin which still can’t get out of its Friday night breakdown

3

Macro Morning

Last night saw a wobble in Wall Street despite the IMF upgrading global economic growth projections and a fall in the USD. European stocks lifted strongly to the upside, but US stocks couldn’t follow in kind despite some vaccine good news.  Treasury yields lowered slightly, the 10 year remaining above the 1% level while commodities

131

Macro Afternoon

Risk is back on the table with Asian stock markets up across the board as the USD reverses its short term strengthening as we start another trading week and look towards the FOMC meeting. All eyes on Bitcoin which broke down on Friday below the $30K level but has come back in weekend and start

2

Macro Morning

Friday night saw the release of the latest PMI surveys on both sides of the Atlantic, with the US print unexpectedly higher but that economic recovery didn’t help risk markets higher with Wall Street finishing the trading week on a sour note. The USD came back slightly in defence while US Treasury yields lowered slightly,

111

Macro Afternoon

Asian stock markets end the week on a poor note, having absorbed the Biden inauguration and initial policy reversals, with commodity currencies weaker against USD as gold and silver remain relatively steady. Bitcoin briefly dipped below the $30K level but has had a small boost this afternoon, but is this enough to stave off a

6

Macro Morning

  Last night saw the frothiness in risk markets take a small pause as bond yields rose slightly on the lower than expected US weekly jobless claims, as the latest ECB meeting also made no waves. The USD continued its retreat however, while commodities were mixed, Bitcoin crashed to a new monthly low. The cryptotulip was

105

Macro Afternoon

Share markets are rising in co-ordination following the Biden inauguration, with risk appetite soaring overnight, with the USD in full retreat as gold and silver is breaking out to new highs. The latest numberwang saw the Aussie dollar reach new highs, but Bitcoin is slowly deflating however, again selling off throughout the session to be

84

Macro Afternoon

Asian share markets are somewhat mixed and unsettled going into tonight’s newsflow with Trump “serving” his last day as US President, with focus and realisation of both further stimulus and big tax increases confusing risk appetites. Bitcoin is at another crossroads, having sold off throughout the session to be back below the $36K level and

4

Macro Morning

Two events changed risk appetite overnight with the closely watched German ZEW survey and Janet Yellen’s testimony in Congress supporting the bullish mood on Wall Street as traders returned from the US long weekend. Oil prices lifted more than 2% while the USD retreated against most of the majors. Bitcoin continued its tepid start to

101

Macro Afternoon

Asian share markets are no longer unsettled as the realisation that an adult will be in the Oval Office in a few days kicks in the risk spirits with broad gains across most markets and S&P futures looking bright for the return of traders from the US long weekend. Bitcoin is a bit disappointing, not